AI Engineering Services Ltd (AIESL) is actively negotiating maintenance, repair, and overhaul (MRO) contracts with various international and domestic airlines, including a significant carrier, as it seeks to capitalize on India's booming aviation sector. The state-owned enterprise, which reported an average annual revenue of Rs 2,000 crore over the past three years, is also part of government divestment discussions aimed at strengthening its market position.
Under the leadership of CEO Sharad Agarwal, AIESL has begun providing maintenance checks for Kuwait Airways since September and continues to offer services to local airlines such as Air India and SpiceJet, which include structural inspections. The company's recent expansion efforts are supported by its authorization to conduct Boeing (NYSE:BA) 737 MAX checks.
The aggressive marketing strategies and service expansion detailed in AIESL's latest annual report reflect the company's ambition to grow alongside the Indian aviation industry, which is expected to introduce nearly 1,000 new aircraft. This growth is anticipated to increase AIESL's workforce to 6,000 employees.
The move to secure more MRO contracts is seen as a strategic step for AIESL as it prepares for a potential divestment by the government. This approach aligns with the broader industry trend where airlines are increasingly outsourcing maintenance work to specialized firms like AIESL.
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